Domestic gadget maker Motorola Mobility (NYSE: MMI) is set to report earnings tomorrow, even as its pending acquisition by search giant Google (Nasdaq: GOOG) continues to chug along awaiting the final regulatory tallies to come in.

Analysts are looking for the company to post revenue of $2.96 billion for the quarter, which would be a couple percentage points less than the $3.03 billion it put up a year ago. The Street is also looking for adjusted earnings per share of a penny, which would be an improvement from the $0.08-per-share loss last time around.

Looking at Motorola's GAAP results paints a much gloomier picture, though. For example, last fiscal year Motorola reported a non-GAAP profit of $0.33 per share. On a GAAP basis, that figure became a loss of $0.84 per share. Of course, Moto isn't the only company to report non-GAAP figures, but those adjustments are more notable when they flip a negative sign into a positive sign for a full year.

MMI Revenues Chart

MMI Revenues data by YCharts

Motorola's bottom line has been flirting with breakeven for years but mostly stays underwater.

Regardless of the digits that Motorola puts up, don't expect any real price movement, since Google's $12.5 billion offer still sits on the table, and Big G is still ready to swallow Moto whole, losses and all. Motorola did just win a preliminary International Trade Commission ruling against Apple (Nasdaq: AAPL) last week, which said that the Mac maker infringed on one of Motorola's patents related to voice and data transmissions.

We'll also see whether Motorola has any specific updates for us on the merger.

I'll also be keeping an eye out for how many Android tablets Motorola shipped this quarter, especially as Amazon.com's (Nasdaq: AMZN) Kindle Fire reportedly claims more than half of the Android tablet market just six months after its release, while Motorola's Xoom has just a 7% slice. Motorola shipped about a million tablets throughout all of last year, which hardly compares with the 40.5 million iPads that Apple sold over the same timeframe.

Motorola investors probably aren't really looking forward to the results tomorrow; they just want to know when Googorola will finally come about.

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